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Investement in Lombok

Dears,

is it eligible for foreigners to own lands in Indonesia and what are the investment opportunities in Lombok and  if you can recommend any good local broker or investment advisor i will be thankful.

Regards

It is legal for foreigners to own land in Indonesia only through a PMA...an investment company and there are lots of restrictions involved.  You can Google the topic PMA Indonesia, or consult a local attorney.

The above is correct but ONLY as above, not for private individuals.
That would be illegal and leave you open to having the land confiscated without compensation.

Regarding to iinvestment , what do you think about Lombok ? Any advices ,recommendations ..

actually, current Indonesian laws make it possible for foreigner to possess the land in form of Hak Pakai. In this way, any foreigner, can have his own name on land certificate, under the title of Hak Pakai. If your Notary said that not possible, you can ask him to go to nearest land office, to get the information

You are absolutely WRONG!  A Hak Pakai is NOT the same as a Hak Milik. 

A Hak Milik is virtually the same as what would be called a deed of ownership in western law. 

A Hak Pakai is nothing more than a lease agreement with a couple of bells and whistles added on...most especially, an extended period of the lease.  A Hak Pakai is NOT true ownership...period.

Hak pakai is also known as Lease, you don't own the land, you have the right to use that is all.

Ubudian :

You are absolutely WRONG!  A Hak Pakai is NOT the same as a Hak Milik. 

A Hak Milik is virtually the same as what would be called a deed of ownership in western law. 

A Hak Pakai is nothing more than a lease agreement with a couple of bells and whistles added on...most especially, an extended period of the lease.  A Hak Pakai is NOT true ownership...period.

True, and words everyone interested in land here should read.

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